2010 Financial Results Analysts Conference

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FEBRUARY 10TH, 2011

2010 FINANCIAL RESULTS

ANALYST CONFERENCE


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2FEBRUARY 10TH, 2011

DISCLAIMER

Information contained within this document may contain forward looking statements.

Although the Company considers that such information and statements are based on

reasonable assumptions taken on the date of this report, due to their nature, they can be

risky and uncertain (as described in the Renault documentation registered within the

French financial markets regulation authorities) and can lead to a difference between theexact figures and those given or deduced from said information and statements.

Renault does not undertake to provide updates or revisions, should any new statements

and information be available, should any new specific events occur or for any other

reason. Renault makes no representation, declaration or warranty as regards theaccuracy, sufficiency, adequacy, effectiveness and genuineness of any statements and

information contained in this report.

Further information on Renault can be found on Renaults web site (www. Renault.com),

in the section Finance / Regulated Information.


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2010 FINANCIAL RESULTSDOMINIQUE THORMANN

CFO


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2010 FINANCIAL RESULTS

2009 2010 CHANGE

Revenues 33,712 38,971 + 15.6 %

Operating margin - 396 1,099 + 1,495

in % of revenues - 1.2 % 2.8 % + 4.0 pts

Other operating income &expenses - 559 - 464 + 95

Net financial income & expenses - 404 - 376 + 28

Capital gain on sale of B sharesin Volvo AB - 2,000 + 2,000

Associated companies - 1,561 1,289 + 2,850

Current & deferred taxes - 148 - 58 + 90

Net income - 3,068 3,490 + 6,558

(Million Euros)



OPERATING MARGIN BY ACTIVITY

2009 2010 CHANGE

AUTOMOTIVE - 902 396 + 1,298

% Automotive revenues - 2.8 % 1.1 % + 3.9 pts

SALES FINANCING 506 703 + 197

TOTAL - 396 1,099 + 1,495

% Group revenues - 1.2% 2.8 % + 4.0 pts

(Million Euros)



GROUP OPERATING MARGIN VARIANCE ANALYSIS

-396

579

5948

176

1 099

309

698

- 143

- 148- 110

- 12

39

Currency

Volume

Mix / PriceEnrichment

WarrantyPurchasing

RawMaterials Manufact.

& Logistics

R&D G&A

RCI

Others

Change 2009 / 2010 : + 1,495m

2009

2010

(Million Euros)


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CHANGE IN AUTOMOTIVE NET FINANCIAL DEBT

1,670

Operational

Free cash flow

+ 3,074

Cash flow

+ 395

Change

In WCR

- 278Financial

Investments & Others

Volvo disposal

+ 3,006

- 1,799

Net tangible &intangible invest

4,486

Decrease

in net debt

+88Dividends received

from associates

Leased vehicles

-155

- 683

Capitalized R&D

Dec 31st 2009: 5,921m

Dec 31st 2010: 1,435m

(Million Euros)


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AUTOMOTIVE DIVISION LIQUIDITY RESERVE

END 2009END 2009 END 2010

LIQUIDITY RESERVES

Cash = 5.4 Bn

Credit lines = 4.1 Bn

(of which drawn zero)

TOTAL = 9.5 Bn

LIQUIDITY RESERVES

Cash = 8.8 Bn

Credit lines = 4.0 Bn

(of which drawn zero)

TOTAL = 12.8 Bn


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STRATEGIC MID-TERM PLAN

CARLOS GHOSN

Chairman and CEO


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RENAULT TODAY

Fixed costs under controlNew profitability pillars

Internationalisation of sales Top Quality level


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OUR STRATEGIC MID-TERM PLAN


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2 KEY OBJECTIVES

2013 OBJECTIVES

3 million vehicles sold in 2013

2 billion euros cumulated operational free cash flow2011-2013

1. ENSURE THE GROUPS GROWTH

2. GENERATE FREE CASH FLOWON A LASTING BASIS


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RENAULT AUTOMOBILE OPERATIONAL FREE CASH FLOW

(million euros)

Operational Free Cash Flow Operational Free Cash Flow excluding WCR evolution


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SEVEN KEY LEVERS

1. INNOVATION

2. STRENGTHENED PRODUCT OFFER

3. REINFORCED THE IMAGE OF THE RENAULT BRAND

4. NETWORK EXCELLENCE IN CUSTOMER RELATIONS

5. OPTIMISED R&D AND INVESTMENT EXPENDITURES

6. COST REDUCTION

7. MAINTAINED POSITIONS IN EUROPEAND INTERNATIONAL GROWTH


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SEVEN KEY LEVERS

1. INNOVATION





6. COST REDUCTION



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1. INNOVATION:ADDRESSING ENERGY AND ENVIRONMENTAL CHALLENGES

Launching affordableelectric vehicles

Optimising our internalcombustion engines


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1. INNOVATION: TWO NEW ENGINES WITH BEST-IN-CLASS PERFORMANCE

with stop/start with stop/start

130 bhp Power 115 bhp

- 20 %Consumption and

CO2

emissions reduction- 30 %

119 g / km (Scnic) CO2 emissions 115 g / km (Mgane)

4.5 L / 100 km Consumption 4.9 L / 100 km


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1. INNOVATION: ELECTRIC VEHICLES FOR ALL

ELECTRIC ENGINEBATTERY BUSINESS MODEL


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1. INNOVATION: CO2 TARGET

Average CO2/km emissions (Passenger cars Europe)

CO2 regulatory level

< 95 g in 2020

OBJECTIVE

Average emissions: 120g/km in Europe in 2013 and below 100g in 2016


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SEVEN KEY LEVERS

1. INNOVATION





6. COST REDUCTION



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ALLIANCE OBJECTIVES

1.5 milion ELECTRIC VEHICLES on the road in 2016

Production capacity 500,000 electrical vehicles per year as from 2015

2. STRENGTHENED PRODUCT OFFER: LAUNCHING OUR Z.E. RANGE

Fluence Z.E. Kangoo Z.E. Twizy ZOE


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2. RENEWED AND REINFORCED PRODUCT OFFER:

RENEWING AND EXTENDING THE M0 RANGE

LOGAN MCVLOGAN SANDERO DUSTERLOGAN VAN LOGAN PICK-UP

Tangiers plant, Morocco


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2. RENEWED AND REINFORCED PRODUCT OFFER:

GROUP RANGE: NUMBER OF MODELS AVAILABLE


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SEVEN KEY LEVERS

1. INNOVATION





6. COST REDUCTION



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3. STRENGTHENED BRAND IMAGE: 3 PILLARS

1. INNOVATION FOR ALL

2. QUALITY

3. DESIGN


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3. STRENGTHENED BRAND IMAGE: QUALITY IMPROVEMENT

breakdowns 2004

2006

2009

IncidentsRenault

Europe G3, cross-manufacturer survey

OBJECTIVE

Become one of the leading general automotive manufacturers

in terms of quality image, by end-2013


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3. STRENGTHENED BRAND IMAGE: QUALITY IMPROVEMENT

breakdowns

2009

IncidentsOther manufacturers Market averageRenault

Europe G3, cross-manufacturer survey

OBJECTIVE

Become one of the leading general automotive manufacturers

in terms of quality image, by end-2013


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CAPTUR CONCEPT CAR


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SEVEN KEY LEVERS

1. INNOVATION





6. COST REDUCTION



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4. NETWORK EXCELLENCE IN CUSTOMER RELATIONS:

RENAULTS COMMITMENTS TO OUR CUSTOMERS


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5 OPTIMISED R&D AND INVESTMENT EXPENDITURES PLATFORMS


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5. OPTIMISED R&D AND INVESTMENT EXPENDITURES: PLATFORMS

LCV PLATFORMS

shared with Nissan, Daimler and GM

A PLATFORM

shared with Daimler (Smart/Twingo)

B PLATFORM + M0 PLATFORMnew platforms with shared modules

C & D PLATFORM

shared with Nissan

5 OPTIMISED R&D AND INVESTMENTS EXPENDITURES


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5. OPTIMISED R&D AND INVESTMENTS EXPENDITURES:

DEVELOPPING OUR MODULAR APPROACH

MODULAR APPROACH:

standard parts on available vehicles and engines across our platforms



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5. OPTIMISED R&D AND INVESTMENTS EXPENDITURES:

DEVELOPPING OUR MODULAR DESIGN APPROACH

MODULAR APPROACH:

standard parts on available vehicles and engines across our platforms



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5. OPTIMISED R&D AND INVESTMENTS EXPENDITURES

5% ANNUAL EFFICIENCY IN R&D COSTS

- Process optimisation and standardisation

- Cost-sharing with Nissan and Daimler (R&AE, new product development)

R&D + CAPEX in % of Group revenues

OBJECTIVE

R&D + CAPEX < 9% of Group revenues on average

SEVEN KEY LEVERS


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SEVEN KEY LEVERS

1. INNOVATION





6. COST REDUCTION


6 COST REDUCTION: TOTAL COST OPTIMISATION


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6. COST-REDUCTION: TOTAL COST OPTIMISATION

OBJECTIVE

12% reduction in Total delivered cost

over 3 years, with a 15% target


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SEVEN KEY LEVERS


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SEVEN KEY LEVERS

1. INNOVATION





6. COST REDUCTION


7. MAINTAINED POSITIONS IN EUROPE:


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7. MAINTAINED POSITIONS IN EUROPE:

SALES OBJECTIVES IN EUROPE 2011-2013

4 new internalcombustion

engines

Renewedand extended Dacia

range

Completerenewal

of the B range

Comprehensiverange of electric

vehicles

OBJECTIVE

Renault: number 2 brand in Europe

7. INTERNATIONAL EXPANSION: GROWTH OF NON-EUROPEAN TIV


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7. INTERNATIONAL EXPANSION: GROWTH OF NON EUROPEAN TIV

Evolution of PC/LCV automotive market (base 100: 2007)

Outside Europe

Europe

7. INTERNATIONAL EXPANSION: RENAULTS MAIN MARKETS, RANKING 2010 / 2013


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O S O U S S, G 0 0 / 0 3

2010 RANKING 2013 RANKING

FRANCE FRANCE01 01

GERMANY BRAZIL02 02

BRAZIL

ITALY

TURKEY

RUSSIA

ARGENTINA

SOUTH KOREA

BELGIUM / LUXEMBURG

SPAIN

UNITED KINGDOM

ALGERIA

IRAN

ROMANIA

NETHERLANDS

03

04

05

06

07

08

09

10

11

12

13

14

15

INDIA

SOUTH KOREARUSSIA04

11

BRAZIL


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NEW PRODUCTS-Local manufacturing of Duster

-Local manufacturing of new international C range

-Renewal of M0 range20132010

Models produced in Mercosur

Curitiba plant

RUSSIA


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NEW PRODUCTS- Local manufacturing of new international C range

- Local manufacturing of Duster

- Renewal of M0 range

- Support upgrade of Avtovaz lineup andpartial use of Togliatti plant capacity

20132010

Models produced locally

Avtovaz plant in Togliatti

INDIA


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NEW PRODUCTS- Local manufacturing of C range vehicles

- Local manufacturing of A/B range vehicles basedon shared platforms with Nissan

- Local manufacturing of SUV

20132010

models produced locally

Chennai plant


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